Analyst Predicts Major Surge for Decentralized Exchange Token
16.08.2024 20:00 1 min. read Alexander Stefanov
A prominent crypto analyst, known as The Crypto Dog, has indicated that the GMX token, associated with the decentralized exchange (DEX) GMX, is poised for a significant price surge.
In a recent update, The Crypto Dog expressed optimism about GMX, a token utilized by the DEX operating on both Arbitrum (ARB) and Avalanche (AVAX) networks, which supports spot and leveraged trading.
The analyst also highlighted a key change in GMX’s profit distribution strategy.
GMX, recognized for its substantial fee generation, will soon use these fees to buy back GMX tokens from the market, injecting around $2 million per week into the token.
This move is expected to create persistent buying pressure.
Additionally, The Crypto Dog pointed out that GMX is currently outperforming Bitcoin (BTC) in terms of price performance.
-
1
Most Trending Cryptocurrencies on CoinGecko After Bitcoin’s New ATH
11.07.2025 19:00 2 min. read -
2
Altcoin Supercycle? Analysts Signal ‘Banana Zone 2.0’ as Market Erupts
13.07.2025 19:00 2 min. read -
3
XRP Hits All-time High Amid Regulatory Breakthrough and Whale Surge
18.07.2025 11:14 2 min. read -
4
Ethereum Tops $3,285 for First Time Since January
17.07.2025 7:00 1 min. read -
5
Trump’s Truth Social to Launch Utility Token for Subscribers
10.07.2025 18:30 1 min. read
Binance to Launch PlaysOut (PLAY) Trading on July 31 With Airdrop
Binance has officially announced the launch of PlaysOut (PLAY), a new token debuting on Binance Alpha, with trading scheduled to begin on July 31, 2025, at 08:00 UTC.
Cboe BZX Files for Injective-based ETF Alongside Solana Fund Proposal
The Cboe BZX Exchange has submitted a filing with the U.S. Securities and Exchange Commission (SEC) seeking approval for a new exchange-traded fund (ETF) that would track Injective’s native token (INJ).
Bernstein Warns Ethereum Treasuries Pose New Risks
Bernstein has flagged growing risks in Ethereum’s corporate adoption trend, cautioning that the rise of “ETH treasuries” could reshape the network’s supply and risk dynamics.
Interactive Brokers Weighs Stablecoin Launch
Interactive Brokers, one of the world’s largest online brokerage platforms, is exploring the possibility of issuing its own stablecoin, signaling a potential expansion into blockchain-driven financial infrastructure as U.S. crypto regulation begins to ease.
-
1
Most Trending Cryptocurrencies on CoinGecko After Bitcoin’s New ATH
11.07.2025 19:00 2 min. read -
2
Altcoin Supercycle? Analysts Signal ‘Banana Zone 2.0’ as Market Erupts
13.07.2025 19:00 2 min. read -
3
XRP Hits All-time High Amid Regulatory Breakthrough and Whale Surge
18.07.2025 11:14 2 min. read -
4
Ethereum Tops $3,285 for First Time Since January
17.07.2025 7:00 1 min. read -
5
Trump’s Truth Social to Launch Utility Token for Subscribers
10.07.2025 18:30 1 min. read